2011-11-14T14:28:07-06:00 2010-12-31 LARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2010-01-01 363604792 3M EMPLOYEES WELFARE BENEFITS ASSOCIATION TRUST II 3MEM 6517368146 3M CENTER BUILDING 224-5N-40 ST PAUL MN 55144 KIMBERLY M TORSETH 6517368146 2011-11-09 1 KAREN GRIES 6123764500 2010 2016-02-24 21:20:13Z JANICE K ANGELL 3M CENTER BUILDING 224-5N-40 ST PAUL MN 55144 336972245 0 X N/A X 1987 MA TO FINANCE MEDICAL, DENTAL, AND LONG-TERM DISABILITY BENEFITS PROVIDED TO CURRENT 3M EMPLOYEES. 3 3 0 8 0 0 0 0 339539334 335013022 588255 1959223 15624 0 340143213 336972245 0 0 320404473 323204847 33189 9698 0 0 0 17716060 17474539 338153722 340689084 1989491 -3716839 69058703 68616647 104085404 109026633 -35026701 -40409986 N/A 0 0 INCOME REPORTED IS USED TO FINANCE MEDICAL, DENTAL, AND LONG-TERM DISABILITY BENEFITS PROVIDED TO CURRENT 3M EMPLOYEES. 0 0 0 0 0 0 0 0 0 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 BE 0 0 0 0 X 3 3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X H W GJERSDAL 6517336099 3M CENTER BUILDING 224-5N-40 ST PAUL MN 55144 ANGELA S LALOR 1.00 X 0 0 0 GREGG M LARSON 1.00 X 0 0 0 JANET L YEOMANS 1.00 X 0 0 0 THE BANK OF NEW YORK MELLON 1.00 X 6562 0 0 JANICE K ANGELL 1.00 X 0 0 0 DAVID J OVERSTREET 1.00 X 0 0 0 DENNIS P DUERST 1.00 X 0 0 0 KIMBERLY M TORSETH 1.00 X 0 0 0 6562 0 0 0 0 0 0 BLUE CROSS BLUE SHIELD 3535 BLUE CROSS ROAD EAGAN MN 551221154 PROCESS MEDICAL CLAIMS 9555444 HEALTH PARTNERS 8170 33RD AVE S M/S 21104A BLOOMINGTON MN 55425 PROCESS MEDICAL CLAIMS 4063539 MORNEAU SOBECO 895 DON MILLS RD 700 ONE MORENEAU TORONTO CA M3C 1W3 BENEFITS ENROLLMENT AND RECORDKEEPING 1230641 DELTA DENTAL 3560 DELTA DENTAL DRIVE EAGAN MN 551223166 PROCESS DENTAL CLAIMS 1065954 CAREMARK 2211 SANDERS ROAD NORTHBROOK IL 60062 PROCESS MEDICAL PRESCRIPTION DRUG CLAIMS 507481 8 EMPLOYER CONTRIBUTIONS 900099 264038083 264038083 MEMBER CONTRIBUTIONS 900099 70974939 70974939 335013022 1610226 1610226 348997 348997 348997 348997 336972245 335013022 0 1959223 323204847 9698 58012 40682 2330 ADMINISTRATION 17099138 OTHERS 201210 SERVICE FEES 71853 STOCK LOAN FEES 1314 340689084 1189008 7839 67616258 21478640 41987551 253437 5142617 69058703 68616647 100358867 105359584 3726537 3667049 104085404 109026633 X 0 0 0 0 -35026701 -40409986 -35026701 -40409986 69058703 68616647 X -3716839 -1666447 X 0 1 1 X 0 0 PARTNERSHIPS/JOINT VENTURES 5034915 F POOLED SEPARATE ACCOUNTS 3667049 F COMMON/COLLECTIVE TRUSTS 28662010 F OTHER INVESTMENTS 547075 F 103-12 INVESTMENT ENTITIES 484921 F SECURITIES LOANED 3591581 F 41987551 ACCRUED INTEREST AND DIVIDENDS 221000 INSURANCE RECEIVABLE 4743419 INVESTMENT SOLD RECEIVABLES 178198 5142617 OBLIGATION FOR COLLATERAL RECEIVED 3667049 3667049 336972245 340689084 -3716839 -6409866 4743419 -1666447 -5383286 335261471 -6409866 4743419 -1666447 336927918 44327 44327 336972245 337235983 0 337235983 44327 3408773 3453100 340689083 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: TRUST II CONSTITUTES A QUALIFIED VOLUNTARY EMPLOYEE BENEFIT ASSOCIATION UNDER SECTION 501(C)(9) OF THE INTERNAL REVENUE CODE (IRC) AND IS, THEREFORE, CONSIDERED TO BE EXEMPT FROM FEDERAL INCOME TAXES UNDER PROVISIONS OF SECTION 501(A). TRUST II OBTAINED ITS LATEST DETERMINATION LETTER ON JUNE 13, 1989, IN WHICH THE INTERNAL REVENUE SERVICE (IRS) STATED THAT TRUST II, AS DESIGNED, WAS IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE IRC. TRUST II HAS BEEN AMENDED SINCE RECEIVING THE DETERMINATION LETTER. HOWEVER, THE TRUST II ADMINISTRATOR BELIEVES THAT THE PLAN IS CURRENTLY DESIGNED AND BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE IRC. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE PLAN HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. THE PLAN ADMINISTRATOR HAS ANALYZED THE TAX POSITIONS OF THE PLAN, AND CONCLUDED THAT AS OF DECEMBER 31, 2010, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE PLAN ADMINISTRATOR BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2007. PART XI, LINE 8 - OTHER ADJUSTMENTS: PRIOR YEAR INVESTMENT ADJUSTMENT 4,743,419. PART XII, LINE 2D - OTHER ADJUSTMENTS: PRIOR YEAR INVESTMENT ADJUSTMENT 4,743,419. PART XIII, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN IBNR YEAR OVER YEAR 3,408,773. FORM 990, PART VI, SECTION A, LINE 8A THE TRUST IS NOT REQUIRED TO HOLD MEETINGS. THEREFORE, THE TRUST DID NOT PREPARE ANY CONTEMPORANEOUS DOCUMENTION. FORM 990, PART VI, SECTION A, LINE 8B THE TRUST IS NOT REQUIRED TO HOLD MEETINGS. THEREFORE, THE TRUST DID NOT PREPARE ANY CONTEMPORANEOUS DOCUMENTION. FORM 990, PART VI, SECTION B, LINE 11 THE RETURN IS REVIEWED BY INDIVIDUALS WITHIN THE 3M COMPANY TAX DEPARTMENT PRIOR TO FILING. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTATION AND FINANCIAL STATEMENTS ARE NOT LEGALLY REQUIRED TO BE DISCLOSED TO THE PUBLIC AND THEREFORE ARE NOT MADE AVAILABLE. THE TRUST DOES NOT HAVE A CONFLICT OF INTEREST POLICY. ALL DOCUMENTS ARE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -6,409,866. PRIOR YEAR INVESTMENT ADJUSTMENT 4,743,419. TOTAL TO FORM 990, PART XI, LINE 5: -1,666,447. 3M EMPLOYEES WELFARE BENEFITS ASSOCIATION TRUST I 3M CENTER BUILDING 224-5N-40 ST PAUL MN 55144 411294448 FINANCE HEALTH CARE BENEFITS PROVIDED TO RETIRED 3M EMPLOYEES MN 501(C)(9) N/A N/A 0 3M EMPLOYEES WELFARE BENEFITS ASSOCIATION TRUST III 3M CENTER BUILDING 224-5N-40 ST PAUL MN 55144 411746690 FINANCE LIFE INSURANCE BENEFITS TO RETIRED 3M EMPLOYEES MN 501(C)(9) N/A N/A 0 3M EMPLOYEES WELFARE BENEFITS ASSOCIATION 3M CENTER BUILDING 224-5N-40 ST PAUL MN 55144 FINANCE BENEFITS TO MEMBERS OF THE CORPORATION MN 501(C)(9) N/A N/A 0 3M COMPANY 3M CENTER BUILDING 224-5N-40 ST PAUL MN 55144 410417775 MANUFACTURING MN N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0